Author: Scott Dylan

Deliveroo is set to propose a substantial shareholder dividend amidst improved financial performance.Deliveroo has reduced its financial losses significantly in the first half of the year.The company’s adjusted EBITDA shows profitability ahead of expectations due to strategic financial management.An increase in customer spending per order has contributed to a revenue rise, despite fewer orders being placed.Deliveroo has completed significant share buybacks and is exploring further capital returns to shareholders.Deliveroo is contemplating a shareholder payout of up to £250 million via dividends, as the company demonstrates increased confidence after markedly reducing its losses. In the first half of the year, Deliveroo…

Tesco’s latest net-zero goals have gained official approval from the Science Based Targets Initiative (SBTi).The UK retailer aims to achieve carbon neutrality in its operations by 2035, and its value chain by 2050.Through its Planet agenda, Tesco focuses on product improvement, decarbonising transport, and reducing store emissions.Tesco has made notable progress, including adopting renewable energy and introducing electric HGVs.Group Chief Executive Ken Murphy reaffirms Tesco’s commitment to transforming business operations for sustainability.Tesco has recently celebrated its latest net-zero commitments receiving validation from the Science Based Targets Initiative (SBTi), marking it as one of the pioneering retailers in this endeavour. The…

Top vegan meat-free brands in the UK are facing significant challenges due to the ongoing cost-of-living crisis and changing consumer behaviour. Meatless Farm, once thriving, faced near collapse but was rescued by a competitor. VFC has expanded but shows interest in scaling amidst financial pressures. Beyond Meat reported a significant drop in sales due to market and consumer perception issues. LoveSeitan has ceased trading as they struggled to convince consumers of their product’s benefits.The vegan meat-free sector in the UK is navigating turbulent waters as the cost-of-living crisis continues to affect consumer spending habits. With 73% of vegan shoppers aiming…

Asda has announced a reduction of 8% in its ‘Just Essentials’ product range, impacting various food items.A total of 296 lines will now be available, compared to the previous 293.Items such as chicken thigh portions, cheddar, and spaghetti are among those removed.Despite removals, seven new products have been introduced, including breaded fish fillets and chicken nuggets.Asda continues to monitor its product range to meet customer needs effectively.Asda, the renowned supermarket chain, has recently made the decision to reduce its ‘Just Essentials’ product line by 8%. This adjustment translates into a total offering of 296 products, down from the previous 293…

Tesco is distributing almost £80 million in Clubcard vouchers this August as part of its quarterly statement.The funds are aimed at aiding customers during the summer or prepping for the upcoming school year.These vouchers can be redeemed across various Tesco platforms, from groceries to petrol stations.Tesco offers flexibility in voucher use, including charitable donations through its website.Approximately four million Clubcard users benefit from personalised coupons bi-weekly, with significant annual savings.Tesco is set to distribute nearly £80 million in Clubcard vouchers this August, aligning with the supermarket’s quarterly statement. The vouchers, anticipated to arrive by 12th August, are strategically timed to…

Asda is potentially launching a new health-oriented food line named ‘The Health Kitchen.’The initiative includes registering a trademark with the Intellectual Property Office.Products will encompass a diverse range, such as fresh produce and prepared meals.This move aligns with industry trends aimed at encouraging healthier eating amidst economic challenges.Government efforts to limit unhealthy options face delays due to economic pressures.In a strategic move towards health-conscious offerings, Asda is reportedly in the process of launching a new range called ‘The Health Kitchen.’ This development was highlighted following the registration of the brand name with the Intellectual Property Office, signalling a robust intent…

Majestic has announced a strategic partnership with Uber Eats to expand its delivery services.The collaboration allows customers to receive wines, beers, and spirits in as little as 20 minutes through Uber Eats.Initially launched in eight UK locations, the service will extend to 177 stores by October.Majestic aims to build on its online growth and meet increased consumer demand for fast local delivery.The partnership highlights Majestic’s commitment to customer convenience and its growing e-commerce presence.Majestic, a prominent wine retailer, has formed a significant partnership with Uber Eats to enhance its on-demand delivery service. Customers can now enjoy the convenience of having…

Aldi has announced a price reduction on more than 30 essential grocery items.The German discounter aims to provide more value with cuts averaging at 7%.Fresh produce like apples, oranges, and peaches are included in the price drop.Essentials such as butter, canned goods, and pet treats also see reduced prices.Aldi continues its commitment to offer the lowest grocery prices in the UK.In a strategic move to enhance customer value, Aldi, the popular German discount supermarket, has reduced the prices of over 30 essential household products across its grocery range. This initiative underscores their consumer-centric approach, intending to lower the cost of…

The National Farmers Union (NFU) has issued a call to the UK government to prioritise domestic food production at a level comparable to environmental concerns.NFU President Minette Batters has highlighted the UK’s current self-sufficiency statistic of 60% in food production, urging legislative measures to prevent any decrease.Current global circumstances including the Ukraine conflict and climate anomalies have undermined food supply stability, with agri-food inflation rising to 19.2% in the UK.The dependency on global imports is a point of vulnerability for the UK’s food supply chains, necessitating greater domestic resilience.Climate change’ impacts are evident in Europe and the UK, where farmers…

Orange juice prices have reached unprecedented levels due to adverse weather and disease in Florida’s citrus crops.Hurricanes ravaged trees during the harvesting season, leading to significant production delays.Frozen concentrated orange juice futures have seen a significant price increase from $1.76 (£1.38) to $3 (£2.35) per pound.Florida Citrus Mutual reports record low production levels, exacerbating the issue.The UK’s dependency on imports might lead to further supply pressures for British consumers.Orange juice prices have surged to unprecedented levels following a series of catastrophic weather events and pervasive crop diseases in Florida. According to reports, hurricanes have caused extensive damage to orange trees,…